our credit management standards.  Market Risk Management Market risk may arise from changes in interest rate, foreign exchange, equity and commodity prices, as well as credit spreads. These changes

) (8) (140) 39 (448) (9) (47) 10 Fixed Costs (126) (3) (139) (3) 13 (9) (149) (3) 23 (15) Stock Gain/(Loss) (235) (5) (33) (1) (202) 612 (61) (1) (174) 285 SG&A (72) (2) (71) (2) (1) 1 (114) (2) 42 (37

Feed Margin 899 19 900 21 1,267 26 368 41 367 41 1,741 19 2,168 24 427 Other Variable Costs (392) (8) (355) (8) (416) (9) (24) 6 (60) 17 (754) (8) (771) (9) (17) Fixed Costs (128) (3) (139) (3) (137) (3

Variable Costs (323) (8) (416) (9) (458) (9) (135) 42 (43) 10 (1,077) (8) (1,230) (9) (153) 14 Fixed Costs (134) (3) (137) (3) (130) (3) 4 (3) 7 (5) (392) (3) (406) (3) (14) 4 Stock Gain/(Loss) 110 3 (413

-4- 2. Financial Status (The Company and Subsidiaries)  Unit : Baht 1,000 Total Assets Total Liabilities and Shareholders' Equity 0.7% 0.7% 1,651,391 1,639,963 1,651,391 1,639,963 Current assets

Unit: million Baht 31 March 2019 31 December 2018 Fin an cia l St at us Total Liabilities 4,359 5,607 Total Asset 17,144 18,824 Total Equity 12,785 13,218 The Company’s Operating results during the

. Focusing on the ‘4D’ strategies, namely Diversification, Defensive, Duration and 13 Discipline, we thus launched K Fixed Income Plus Fund (K-FIXEDPLUS), K Global Income Fund (K-GINCOME), K STAR Equity Fund

profit (loss) from investments in JV (5) (1) -400% (12) (8) -47% Tax expenses (income) (19) 14 -231% (23) 41 -155% Profit (loss) attributable to equity holders of the parent (15) 61 -124% (5) 180 -103

instant increase in equity capacity of 2,895 MW after the acquisition, aggregating to a total equity capacity of 4,835 MW; in which the SPP equity capacity will rise to 2,301 MW after the merger. • Signing

(%) 3.3 4.8 Return on Fixed Assets (%) 22.0 29.2 Asset Turnover (Time) 0.5 0.5 Leverage Ratio Debt to Equity (Time) 1.0 0.9 Interest Coverage Ratio (Time) 3.0 3.6 26 ASIA’S BOUTIQUE AIRLINE Glossary